Patricia Heights

Real Estate Trends

Housing Market Report for June 2018

Current Patricia Heights MLS stats indicate an average house price of $501,667 and 13 new listings in the last 56 days. As of today, Patricia Heights housing data shows median days on market for a home is 14 days.

Yearly change

Avg sold price

Monthly change

Quarterly change

Yearly change

The proportions of home types sold has changed. This means that the mix of homes sold has shifted from a majority of higher-priced homes to a majority of lower-priced homes, or vice versa.

Assuming the mix of homes is relatively stable, all homes are being sold for more or less than the last period.

For example, if the average price decreased from last year, all homes sold this year were either sold for less and/or the majority of them were budget-friendly condos, rather than expensive single-family homes.

Have questions?

About this Report

See a current overview of the housing market with with Zolo's Patricia Heights real estate market trends. If you're wondering about your neighbourhood's average house price, housing inventory, or how long it takes to sell a home, all this has now been broken down for you. The home price data we report is regularly refreshed, with the latest coverage between May 02 - June 27. The report also includes percentages that denote the year-over-year change from the same period in 2017. These real estate statistics are accompanied by rankings of all neighbourhoods in the Edmonton area based on home sold price, price growth, days on market, and turnover. This way, not only do you get a comprehensive glimpse of the Patricia Heights housing market, but you also get to see how it compares to other neighbourhoods. All this information is intended to give you a thorough understanding of both the local Patricia Heights and the Edmonton area, so that in the end, you'll be able to make a well-informed decision about where you'd like to live. To compare this neighbourhood to the city of Edmonton, take a look at Edmonton's trends page. Enhance your real estate research by pairing Zolo's market report with other MLS stats, such as the MLS Home Price Index.

Numbers are based on firm contract dates, not when the transaction is reported or when the contract closes.

A contract is firm when both the home seller and buyer agree to the transaction, however this may not be reported in a timely fashion. Therefore, transaction reported dates are when the Realtor submits the sale to their local board. A contract is closed when the transaction actually occurs and the buyers move into the house. Normally, contracts close about 6-8 weeks after a contract is firm, which means the data you're seeing is reported in real-time.

Data is reported in 4 or 8 week periods.

28 and 56 day periods are used because some months have more weekends than others. This ensures that each period has the same amount of days and weekends so that a like-for-like comparison can be made.

What does pro-rated data mean?

Based on historical reporting, it can take up to four weeks or more for transactions to be reported. This means that approximately 30% of home transactions that occured within this period have yet to be included in this report. Because of this, this period's numbers are considered "pro-rated."

The REALTOR® trademark is controlled by The Canadian Real Estate Association (CREA) and identifies real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.